{"id":1004636337,"date":"2022-12-22T06:41:00","date_gmt":"2022-12-22T14:41:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004636337"},"modified":"2022-12-22T10:42:59","modified_gmt":"2022-12-22T18:42:59","slug":"clear-height-jv-enters-ohio-industrial-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/","title":{"rendered":"Clear Height JV Enters Ohio Industrial Market"},"content":{"rendered":"<div id=\"attachment_1004636338\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004636338\" data-attachment-id=\"1004636338\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/1675-watkins-rd-columbus-ohio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"1675 Watkins Rd., Columbus, Ohio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1675 Watkins Rd., Columbus, Ohio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg?w=800\" class=\"size-medium wp-image-1004636338\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004636338\" class=\"wp-caption-text\">1675 Watkins Rd., Columbus, Ohio<\/p><\/div>\n<p><strong>Clear Height Properties<\/strong> and <strong>MLG Capital <\/strong>have, in a joint venture partnership, purchased a 290,573-square-foot industrial asset in Columbus, Ohio. <strong>Garrison Investment Group <\/strong>sold the building. The sales price was not disclosed.<\/p>\n<p>The acquisition is the first deal for the joint venture as well as Clear Height\u2019s first in Ohio.<\/p>\n<p>Situated at 1675 Watkins Road, the infill distribution facility is being fully renovated. It features 34 docks, three drive-in doors and 22.5-foot clear heights.<\/p>\n<p>Originally constructed in 1975, the building is on a 9.2 acre lot, according to <a href=\"https:\/\/apps.commercialcafe.com\/broker\/content\/#!\/propertyDetails\/1617690\" target=\"_blank\" rel=\"noopener\">Commercial Edge data<\/a>. Garrison Investment Group acquired the facility in 2013, completing a cosmetic renovation on the property.<\/p>\n<p>Located on the southeast side of Columbus, the asset is within the Watkins Road Industrial Park. The Rickenbacker air cargo airport and Norfolk Southern Discovery intermodal yard are in close proximity.<\/p>\n<p><strong>JLL<\/strong>\u2019s Dan Wendorf represented the seller, while JLL\u2019s Nick Tomasone and Joe Davis represented Clear Height.<\/p>\n<h2>Columbus industrial hot spot<\/h2>\n<p>In prepared remarks, Ryan Maher, director of acquisitions at Clear Height Properties, said that with companies like Intel and Honda\/LG locating and developing in Ohio, as well as vacancy rates in the region being low, expanding to the area was a positive strategic move.<\/p>\n<p>Intel\u2019s nearly 1,000-acre site, which will hold a <a href=\"https:\/\/www.commercialsearch.com\/news\/intel-breaks-ground-on-20-billion-ohio-chip-factories\/\" target=\"_blank\" rel=\"noopener\">$20 billion project<\/a>, is expected to begin the production of semiconductors in 2025. Intel is one of many companies moving large production and distribution facilities to Ohio, fueling the industrial sector\u2019s further success in the area.<\/p>\n<p>Another company seen acquiring in Columbus is Cologix. The company recently released plans to invest $150 million into a <a href=\"https:\/\/www.commercialsearch.com\/news\/cologix-to-build-150m-data-center-in-columbus\/\" target=\"_blank\" rel=\"noopener\">256,000-square-foot data center<\/a>. The new facility is located next to three existing facilities, also owned by Cologix.<\/p>\n<p>With the announcements of large-scale investments in the area, demand for space is on the rise. In early 2022, Columbus reached a record low industrial vacancy of 1.5 percent, according to a <a href=\"https:\/\/www.cushmanwakefield.com\/en\/united-states\/insights\/us-marketbeats\/columbus-marketbeats#:~:text=Q3%202022%20Columbus%20Industrial%20Report,100%20basis%20points%20(bps).\" target=\"_blank\" rel=\"noopener\">Cushman &amp; Wakefield report<\/a>. Although this rate increased to 3.7 percent in quarter three of this year, overall industrial activity in the area remains strong and is predicted to continue a healthy course.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated in Columbus, the warehouse marks the company\u2019s first acquisition in the state. <\/p>\n","protected":false},"author":3006,"featured_media":1004636338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21748,21783,13],"tags":[38624,34205,32796,37712],"class_list":["post-1004636337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-industrial","category-investment","category-midwest","tag-clear-height-properties","tag-garrison-investment-group","tag-jll","tag-mlg-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clear Height JV Enters Ohio Industrial Market - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clear Height JV Enters Ohio Industrial Market\" \/>\n<meta property=\"og:description\" content=\"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-22T14:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-22T18:42:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/\",\"name\":\"Clear Height JV Enters Ohio Industrial Market - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg\",\"datePublished\":\"2022-12-22T14:41:00+00:00\",\"dateModified\":\"2022-12-22T18:42:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg\",\"width\":800,\"height\":620,\"caption\":\"1675 Watkins Rd., Columbus, Ohio\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clear Height JV Enters Ohio Industrial Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\",\"name\":\"Jordana Rothberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"caption\":\"Jordana Rothberg\"},\"description\":\"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Clear Height JV Enters Ohio Industrial Market - Commercial Property Executive","description":"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/","og_locale":"en_US","og_type":"article","og_title":"Clear Height JV Enters Ohio Industrial Market","og_description":"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.","og_url":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-12-22T14:41:00+00:00","article_modified_time":"2022-12-22T18:42:59+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg","type":"image\/jpeg"}],"author":"Jordana Rothberg","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/","url":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/","name":"Clear Height JV Enters Ohio Industrial Market - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg","datePublished":"2022-12-22T14:41:00+00:00","dateModified":"2022-12-22T18:42:59+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9"},"description":"Situated in Columbus, the industrial warehouse is the company\u2019s first acquisition in the state. The facility is undergoing a full renovation.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg","width":800,"height":620,"caption":"1675 Watkins Rd., Columbus, Ohio"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/clear-height-jv-enters-ohio-industrial-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Clear Height JV Enters Ohio Industrial Market"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9","name":"Jordana Rothberg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","caption":"Jordana Rothberg"},"description":"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.","sameAs":["https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/1675-Watkins-Rd.-Columbus-Ohio.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004636337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3006"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004636337"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004636337\/revisions"}],"predecessor-version":[{"id":1004636789,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004636337\/revisions\/1004636789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004636338"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004636337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004636337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004636337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}